The Crypto Roundup: 18 January 2024 | CryptoCompare.com

CCData, an FCA-authorized benchmark administrator and a leader in digital asset data and index solutions, is launching its Digital Asset (DA) Fixings Benchmark Family, a new offering that aims to transform digital asset trading through a collaboration with Six Group’s Ultumus.

The DA Fixings Benchmark Family is built on the foundations of CCData’s FCA-regulated CCIX benchmark (formerly CCCAGG) and comes after the firm ranked over 200 centralized and decentralized exchanges to develop a methodology incorporating a 24-hour volume-weighted average, time penalty factor, and stringent outlier detection.

The service is set to cater to the nuanced requirements of institutional players in the digital asset market. It provides consistent price fixings in major global markets and gives traders and investors a dependable and market-representative price for assessing their portfolios.

CCData has joined forces with Ultumus, a frontrunner in both traditional and cryptocurrency ETF and index trading, for the introduction of DA Fixings. Ultumus will pioneer the integration of DA Fixings into its system, thereby facilitating its clients to utilize and license CCData’s DA Fixings via its ETF/Index feeds and the COSMOS ETF Create/Redeem platform.

Ultumus, which serves eight out of the top ten global investment banks and ETF issuers, is recognized for its extensive ETF calculation services. It extends its support to a wide array of prominent issuers, such as Global X, HSBC, 21Shares, VanEck, CoinShares, and Virtune.

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• Source: https://www.cryptocompare.com/email-updates/daily/2024/jan/18/